2018 Winner Profile

IBM Corporation

Project Description:
IBM Global Financing (IGF) acts as a large bank providing financing to its business partners and allowing them to order products and services from suppliers with credit approved by IBM. The suppliers then invoice IGF who in turn invoice their business partners. However, this is not an easy task because there are over 4000 partners and suppliers involved. Consequently, IGF needed a better way to provide clarity from invoice to cash across the worldwide network so it could put that cash to use. To provide this clarity from invoice to cash, IBM develop developed IGF Blockchain, an enterprise blockchain platform to meet that need. IGF Blockchain offers business partners, suppliers and IBM an enterprise-level solution with performance, data privacy and security. Since it's in the cloud, IGF has the flexibility to integrate different legacy systems, scale up or down and create a trusted business network. The blockchain platform has allowed the IGF team to save over 75 percent in time tied up in transaction disputes.
Business Goal:
Strategic Impact
Fletcher Previn, CIO
Virginia Rometty, Chairman, President and CEO
Armonk, N.Y.
Computer Software
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